TDS payment

TDS / TCS 324 views 5 replies

Hi All,

Need clarification regarding TDS interest.

we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20.

what is the rate of interest to be deducted. whether it is 1% or 1.5%

while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned.

Kindly clarify.

Replies (5)
Originally posted by : Chandrasekar
Hi All,

Need clarification regarding TDS interest.

we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20.

what is the rate of interest to be deducted. whether it is 1% or 1.5%

while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned.

Kindly clarify.

 

Dear Chandrasekar Ji

First kindly confirm to all Ca Club Member 

1- Date on which you deduct TDS of the Month Jun'20

2- Date on which you deposited or still not deposited

 

Thanks with Regards

Ravi SADhiyan

Actually the amount was already paid in the month of Jun'20 pertaining to Mar'19.

Indufficient information again.

we have deducted and remitted to department for FY 2018-19 along with Interest 1% in the month of Jun'20.

while doing TDS revised return for FY 2018-19, we have to mention the date of deduction has 30.06.2020 and date of payment 30.06.2020.

Pls confirm

No its wrong...
rate is 1.5% per month.

read sec 201(1)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details